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    Currency in Slovakia – Euro EUR

    A practical foreign exchange and currency guide on sending money and travel to Slovakia

     

     

    Travelling to Slovakia

    Right in the heart of Europe, Slovakia is a land of castles and mountains, occasionally punctuated by industrial sprawl. More than a quarter-century after Czechoslovakia’s break-up, Slovakia has emerged as a self-assured, independent nation. Capital city Bratislava draws visitors to its resplendent old town and tankard-clanking drinking culture. But Slovakia shines brightest for lovers of the outdoors. Walking trails in the High Tatras wend through landscapes of unearthly beauty, with mirror-still glacier lakes backed by 2000m peaks. Near the Austrian border, capital city Bratislava features a pedestrian-only Old Town with a lively cafe scene. Rising on a hill above the Danube River, Bratislava Castle houses a branch of the Slovak National Museum, with displays ranging from Roman artifacts to 20th-century arts and crafts.

    What currency is used in Slovakia?

    Slovakia’s currency is the Euro. The euro is the second most traded currency in the world, behind the US dollar, so it’s very likely that your bank will have euros on hand. However, there’s no guarantee that your home bank will offer the most competitive exchange rate.

    In Slovakia, Visa, MasterCard and Maestro are extremely common and thus widely accepted. American Express isn’t accepted everywhere. Though cards are commonly used, it’s always a good idea to carry a small amount of cash in case you happen upon a shop or restaurant that doesn’t accept plastic.

    Travel tips for Slovakia.

    Slovakia’s less-visited east is speckled with quaint churches. Within its national parks are landscapes battle-scarred by the clash of river and stone. Beyond eastern metropolis Košice, a boutique charmer of a city, the Tokaj wine region unfurls across thinly populated countryside. Despite a storied history and varied topography, Slovakia is small. For visitors, that can mean fortresses, hiking and beer-sloshing merriment – all in the space of a long weekend.

    Sending Money to Slovakia

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Euro.

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    Euro – Markets & Rates

    The euro (ISO: EUR) is involved in slightly more than 30% of all foreign exchange deals, and as such, is the world’s second most traded currency, behind the US dollar.

    The euro is the currency of the eurozone (officially called the ‘euro area’), which consists of 19 of the 28 member states of the European Union, and is used by almost 350 million Europeans. It was introduced in January 1999.

    Of all the thousands of exchange rates that exist in the world, the euro-to-US dollar exchange rate is the most actively traded, or most ‘liquid’.

    Since its introduction, the euro’s lowest value against the dollar came in October 2000 when EUR/USD hit lows of 0.8231. The currency was strongest in July 2008, shortly before the worst stage of the 2007-2009 financial crisis, when EUR/USD reached 1.6038.

    There are currently more than twenty nations and territories which peg their currencies to the euro, the largest of which is Denmark.

     

    1 EUR = 1.1314 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.1310 has fallen 2.2% below its 90-day average, range 1.1200-1.1883.
    |
      1 USD = 0.8839 EUR
     
    1-DAY+0.6%2d
    14-DAYHIGH3d

    Euro Forecast and Trend

    In September, Olaf Scholz’s Social Democrat Party narrowly won the German election. The longer negotiations and political uncertainty drag on, the greater downward pressure will be felt by the euro.

    In addition should risk sentiment remain fragile, there could be continued demand for USD as a safe haven. Therefore, USD/EUR could gain higher.

    USD-EUR Outlook

    Historic EUR-USD Rates

    EUR/USD wasChangePeriod
    1.1287
    19 Nov 2021
    0.2% 2 Weeks
    1.1884
    04 Sep 2021
    4.8% 90 Days
    1.2145
    03 Dec 2020
    6.9% 1 Year
    1.0545
    04 Dec 2016
    7.3% 5 Years
    1.3399
    06 Dec 2011
    15.6% 10 Years
    0.8900
    08 Dec 2001
    27.1% 20 Years
    EUR/USD change over periods to 03-Dec-2021

     

    The Euro is also the domestic currency in 32 other countries.

     

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